Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Sunday, July 5, 2009

Budget, Part III: Things I might have done differently

Every couple has a few wedding-day regrets, I'm sure. I may have more to report after our actual wedding, but at 3 weeks out, these are some things I wish I'd done differently, budget-wise.

Choices I wish I'd made differently
* The dress. Yeah, I know, I just said this came in under budget. But I feel like I could have spent even less and been happy with what I had. I also wish I'd looked into having a dress made. I think this could have come in even further under budget without compromising anything that was important to me, but I got a bit swept away with the idea that my dress had to be THE BESTEST MOST PERFECT DRESS EVER. It doesn't. It just has to be special, and pretty, and something you like, not something that changes your entire worldview.

* The invitations. I like them a lot, I really do. But to be perfectly honest, I don't love the card stock-type paper the printer used (I'm a paper snob), and the stressful communication problems weren't exactly barrels of fun either. Had I increased my budget in this area by 15-20%, I could have gone with a more experienced and reputable letterpress vendor, one that would have used better materials and wouldn't have had me tearing my hair out. But you get what you pay for.

If I had to do it again, I'd probably go with my first love: White Aisle flat-print invitations. Yes, they're flat printed, but the luxurious paper and stunning designs more than make up for it, and I would have saved a fair chunk of change over the letterpress set. The lesson here: don't let anyone, especially wedding magazines and wedding blogs, talk you into thinking that something you love somehow isn't "good enough" for your wedding. If you love it, go for it! And the second lesson: if something is really important to you, it's OK to splurge a bit on it, rather than stress yourself out by trying to find the "perfect look" for less. Cuts in cost almost always come with a corresponding cut in quality or service. (Caveat emptor and all that.)

And really, that's it. I'm completely happy and at ease with everything else we chose, financially speaking. Econo Boy and I set our original budget based on what parents said they wanted to contribute, and on what we felt comfortable contributing from our own coffers. I'm happy to say that we're still cool with the final numbers (even if the catering bill does give me hives).

What about everyone else? Any advice to pass on to the newly-engaged?

Friday, July 3, 2009

Budget, Part II: Sticker Shock

In Part I of my budget recap, I mentioned that we're right on target to be within $100 of our initial budget. I then went on to list a bunch of areas where we saved moolah. So where did all those savings go? Read on to find out.

BiE's Budget, Part II: Where the savings went

* Catering. By far the biggest sticker shock for us was the food and service. Part of this was due to lack of information. We drew up our original food estimates based on the prices a popular Denver caterer listed on their website -- and it turned out those prices didn't include any labor costs. Part of the cost increase stemmed from our decision to do a plated, seated dinner instead of a buffet (due to lack of space for a buffet table, and my mother's surprisingly intense dislike of buffets -- long story).

Add it all together, and the per-person cost of food and service ended up being nearly double what we estimated back in summer 2008. Fortunately we saved enough in other areas that we're still within budget, but I still feel a little woozy every time I look at our catering contract.

* Rentals. We had to bring in our own plates, glasses, linens, chairs, and even some extra tables to the venue, and while my mom and I were cost-conscious in picking them out, we didn't go with the least expensive options either. Our final rentals bill is about 20% higher than we'd budgeted, based entirely on choosing slightly fancier china, linens, and silverware than the absolute lowest-cost items. ($0.10 per piece adds up fast!) Also, in my original estimate, I left out some items, like plates for the cake.

The lesson here: think in advance about things like labor costs and where your guests are getting their plates!

Another excellent cell phone picture from yours truly.

* Items we didn't plan for. Our initial budget didn't include any ceremony or reception stationery (menus, programs, escort cards) or decorations (candles and menu card holders). We've managed to find good deals on these items, but all of it added up. Our original budget also did not include a day-of coordinator, but 2 months ago, Econo Boy and I decided to hire one. Fortunately, the pennies we'd pinched in other areas enabled us to not blow our budget when surprise costs came up!

Thursday, July 2, 2009

Budget, Part I: Savings (aka the fun part!)

A while back, sera at broken*saucer wrote a great post about budgets, and the sharing of them online. In the comments, I said that I wasn't planning to share any budget information on my blog. The last thing I want to do is second-guess myself, or make someone else second-guess their own budget choices. In addition, it's incredibly difficult to compare costs across regions -- my budget would really only be useful to a fellow Denver bride. And on top of that, people tend to get a bit judgy when it comes to money, and I wasn't really in the mood for reading comments like "I can't believe you spent so much on your wedding, it's only one day!" or, "only $X? Wow, it must have been pretty rustic/casual/other pseudonym for 'cheap' or 'awful.'"

Then earlier this week, I was adjusting our budget spreadsheet to reflect some new costs, and I was delighted to realize that we're within $100 of our original estimate. I was also interested to see that there were very few individual items where our original and final budgets matched up -- we either ended up way under or way over on most things. So after thinking about it for a while, I decided to share a percentage-based breakdown of where we saved, and where we went over budget. I thought this kind of breakdown might be helpful for anyone who's in the early stages of planning their own wedding, both as tips for saving some money and as a heads up about places where costs might take you by surprise. Plus, as a numbers geek, I'm really fascinated by how it all evened out in the end!

Ready? OK, let's get started!

BiE's Budget, Part 1: Where we saved
* Photography. Initially I budgeted a lot for photography because I wanted a pro album. But as other estimates started rolling in, Econo Boy and I decided to DIY the albums on iPhoto (for parents and grandparents) and SomersetAlbums.com (for us, and one day, to embarass our children). This enabled us to hire an amazing photographer while still coming in substantially under our original budget. And I have to admit, I'm completely psyched to design our own album! Savings: 20%
* Cake. Econo Boy and I aren't huge fans of large, elaborate wedding cakes, so we chose to buy a small, very simply decorated 3-tier square cake for the cake-cutting ceremony. Meanwhile, the caterers will be cutting up a sheet cake (from the same bakery as the tiered cake, with the same flavors, icing, decorating, and fillings) so dessert can be served as soon as the cake-cutting ceremony is over. We went with the sheet cake option because we didn't want people to have to sit around and wait while a giant cake got cut up, but it ended up being a cost-cutting move as well. Savings: 30%
* Ceremony musicians. My dad has connections in the Colorado classical music world, and through them, he found out about a terrific group of music students just graduated from the University of Denver, who charged *way* less than the numbers we'd seen for other string quartets. Savings: 45%
* Dress. My initial guess on the dress was just that -- a guess, based on several hours of online photo surfing, estimated dress costs from TheKnot.com, and little else. But after trying on some gowns, I couldn't quite reconcile myself to spending that much on something I would only wear once, and I mentally slashed my budget. Once I finally chose a dress, my alterations came in way under my estimate -- I was lucky enough to only need a bustle and a little taken in up top. Total savings: 25%
* Rings. Our initial budget reflected the cost of platinum in June 2008, which was astronomical. One economic crash later, and platinum fell down to much more reasonable prices. Plus, we scored my ring on a clearance sale. Savings: 20%.

So that was our savings. Where did all that saved money go? Find out tomorrow! :-)

Thursday, April 2, 2009

In defense of brunch

The new blog Help Me Pay For My Wedding has been the subject of some talk on wedding blogs and boards lately. In a nutshell, a newly engaged woman is asking people on the internet to donate money so she can throw her dream wedding in a fabulous venue. The discussion is going about how you'd expect, with some people thinking she's clever and others getting in a lather over how tacky, spoiled and entitled she is. When I first read about the site, I leaned more towards the latter, but quickly calmed down -- I'm not really tempted to throw any of my own money her way, but if she wants to see how much money she can get from strangers just by asking it's an interesting social experiment.

But when I visited her blog, what did make me mad was her explanation of why she couldn't possibly do anything other than a Saturday night wedding:
One option to reduce the cost was a suggestion the salesperson at dream location offered - get married on a Sunday morning and serve brunch. Somehow, the stunning wedding I’ve imagined does not include toast and scrambled eggs. Ugh.
Gaaah! The horror! The nerve! She insulted brunch!!

Image from The Broadmoor Hotel in Colorado Springs,
www.broadmoor.com.

Brunch is a quasi-religious experience for me, and not one I equate with toast and scrambled eggs. Back in Colorado, on Easter, Mother's Day, and other random Sundays, my family used to join my uncle's family for brunch at their country club. We would put on our Sunday best, drive down after church, meet up with some of my favorite people in the whole world, and enjoy a delicious buffet containing some or all of the following:
  • Homemade pastries
  • Prime rib sliced to order
  • Omelets made in front of your eyes from whatever you wanted
  • Belgian waffles
  • Stuffed French toast
  • Mimosas
  • Fresh fruit
  • Shrimp cocktail
  • Lox
  • Blintzes and crepes
It was a special family experience, as well as a delicious meal, and I think it was every bit as yummy and elegant as anything we're planning for our Saturday dinner wedding. As I wrote a while back, I would have *loved* to serve brunch at our reception, but was soundly rejected by a horrified Econo Boy, who insisted that we couldn't serve brunch to people who had made a special trip out to Colorado for our wedding.

So I guess my question is, what's the problem with brunch? Why do so many people (including Econo Boy) seem to consider brunch not good enough to serve to people who have traveled to attend your wedding? I've always considered brunch luxurious, even decadent, and definitely worth a special trip. But are my childhood memories blinding me to the fact that brunch just isn't as "classy" as dinner? Or am I right -- brunch rules and should totally be served at more wedding receptions? Inquiring minds want to know!